#Mohamed Fouad

Egyptian Economist Predicts Dollar to Stabilize Around LE 52, Citing Global and Domestic Pressures

Economist Mohamed Fouad predicts the US dollar will stabilize around LE 52 in Egypt, citing significant foreign investment outflows and global economic pressures. He deems a drop below LE 50 unlikely in the near term due to a combination of domestic structural issues and international financial trends affecting emerging markets.